Ponni Sugars (Erode) Limited has informed the Exchange regarding Change in Auditors of the company.
PONNIERODE · price
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Awaiting price reaction for this filing.
Ponni Sugars (Erode) Limited announced audited financial results for Q4 and FY ended March 2025. Total income for FY25 stood at Rs. 37,141 lakhs, down from Rs. 43,898 lakhs in FY24. Net profit fell sharply to Rs. 1,928 lakhs (vs Rs. 4,686 lakhs last year), translating to EPS of Rs. 22.42 (vs Rs. 54.49). The Board recommended a dividend of Rs. 3.00 per share (face value Rs. 10) for FY25, with record date set as May 30, 2025. The Board also approved the appointment of M/s V Suresh Associates as Secretarial Auditors for a five-year term (FY26 to FY30), replacing its earlier March 2025 resolution. Statutory auditors M/s S. Viswanathan LLP issued an unmodified opinion. The 29th AGM is scheduled for June 11, 2025.
Sharply lower profits and a reduced dividend signal weaker FY25 performance for shareholders, though the dividend declaration offers some return. The change in secretarial auditors is a routine governance item and not expected to materially affect the stock.